Dear Editor,
In 2013, Christy Clark promised an LNG industry that would inject new life into the B.C. economy and ultimately make B.C. debt free. More than two years later the predicted economic tsunami has yet to hit our shores.
There are 19 proposals to build LNG export facilities on our coast, but no one (including industry experts) believes more than a few will actually be built. Certainly, Clark’s prediction that the first would be constructed this year slowly crumbled with the fall of oil prices. As for her election promise of a revenue-rich “prosperity fund,” it hasn’t been mentioned in several months.
And no wonder, beginning with the halving of the proposed seven per cent LNG tax, the B.C. Liberals are resorting to unprecedented measures to salvage their LNG dream. If there is a quid pro quo in Bill C-30, it’s that the company gets a guaranteed level of profit locked in for 25 years and the B.C. Liberals get to say, “See. We were right. B.C. will have a LNG industry.”
That may satisfy Clark et al, but as far as I’m concerned, it falls far short of promise made, promise kept.
Bill Brassington Sr., Burnaby
